mention two methods to estimate poverty
Answers
Answered by
4
Poverty line refers to the estimated minimum income required to fulfill the basic necessities of life.
There are two common methods to estimate the poverty line. They are:
· Income method: As per government guidelines if the income of a person is below the set levels which is 40500 to 49000 in rural areas and 51500 to 60000 in urban areas the person is considered poor.
· Consumption method: The government has also set a limit for calorie intake, if a person is unable to consume the expected level due to financial constraints the person is considered to be poor.
please mark my answer as brainliest
There are two common methods to estimate the poverty line. They are:
· Income method: As per government guidelines if the income of a person is below the set levels which is 40500 to 49000 in rural areas and 51500 to 60000 in urban areas the person is considered poor.
· Consumption method: The government has also set a limit for calorie intake, if a person is unable to consume the expected level due to financial constraints the person is considered to be poor.
please mark my answer as brainliest
Similar questions